Saturday , 16 January 2021

MBS Day Ahead: Action-Packed Week: More Greece, Then Yellen and Data

By Matthew Graham

Posted To: MBS Commentary

The current week begins with what may amount to some simple housekeeping for the Eurozone as Greece submits the list of reforms it’s been working on over the weekend as a part of Friday’s bailout extension agreement. It could turn out to be something more than housekeeping if Eurozone leaders deem it insufficient. In that case, the can would be kicked in an even more can-kicky way than it was on Friday as Eurogroup finance ministers would have to set yet another meeting to attempt to hammer out the 4-month can-kick that was provisionally approved on Friday. In other words–and this is perhaps the best run-on sentence analogy for current Greek drama–Europe said Greece will still be able to collect its allowance even though it got in trouble, but Greece has to go to its room over the…(read more)

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